At some point i think majority of Solana degens are going to wise up and think "fuck the trenches and the kols" if everything is a scam, MIGHT AS WELL buy the scammiest shit out there that has already rugged with the biggest crime factor.
$gold
And I think sending gold to ATM is giving the hackers their deathwish, want to fuck with them trump family, the family fucks you back with a pot that you cannot cash out, and every agency having a bounty to rape those hackers ass pronto
Call me too deep in or whatever.
Been dcaing into $gold because of intellectual retardation.
It just doesn't feel right. Keep having the gut feeling that a pump is on the horizon.
But then price has dropped from 700k to 100k now so I might be severely wrong but I've not closed my limit orders. And letting it ride
As a seasoned degen
The reason why I am still in $gold
Despite it being an obvious scam and rugged to hell
Vs aping into kol shills
At least $gold is shit on the floor with limited room to rig further
Vs kol handing you warm fresh shit and rugging you wholesale
I have been looking deeper into $GOLD and I think the interesting trade here is no longer about whether the original launch was legitimate.
That part of the story is already known.
What interests me is what happened after.
The wallets reportedly responsible for controlling 82.454% of the supply have now completely exited.
Think about what that means.
The single biggest structural problem at launch was extreme supply concentration. That supply has now been forced through the market and redistributed to thousands of participants.
Meanwhile, despite collapsing from roughly $66M, $GOLD has generated more than $22M in volume, attracted over 15,000 traders and still has around 8,000 holders.
Even more strangely, the Real Trump Coins website is still online displaying the same contract and describing a mechanism where 99% of trading fees are used to buy back $GOLD.
None of this makes $GOLD legitimate.
But it does make the second order setup fascinating.
At roughly $300K market cap, this is no longer a valuation thesis.
It is an attention option.
The insiders have monetized the first narrative and left. What remains is a distressed asset with enormous name recognition, widespread media coverage, a radically redistributed float and a market that has already demonstrated it can attract tens of millions of dollars in turnover.
If attention disappears, it goes nowhere.
But if the market decides the rug itself becomes the lore, the asymmetry from here is completely different from the people who bought it at $60M.
Sometimes the first pump creates the token.
Sometimes the collapse creates the meme.
$GOLD
EMWtbpHaNqMbjUMZguuazhuZUVLWG3z4C5oZnGJPSqxS
$GOLD looks like a post-rug reflexivity trade now.
It went ~$66M β ~$300K MC, then already bounced ~11X from the absolute wick low.
Now it's -25% 1H / -45% 6H.
Interestingly, the wallets that reportedly controlled 82.45% of supply have now fully exited β so the original insider overhang may be gone.
My base case from here:
Violent bounces β lower highs β gradual bleed back toward the lows as attention fades.
A 2β5X squeeze is absolutely possible at this market cap, but I wouldn't confuse a dead-cat bounce with a recovery.
For a real reversal, $GOLD needs a credible CTO or a new verified catalyst.
CA: EMWtbpHaNqMbjUMZguuazhuZUVLWG3z4C5oZnGJPSqxS